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Friday, July 21, 2017 9:20:20 AM
By Erin Heim | July 20, 2017
GOLD
IT Trend Model: Neutral as of 6/29/2017
LT Trend Model: BUY as of 4/12/2017
Gold managed to breakout above the rising bottoms trendline drawn from the January bottom. Since breaking above it, price has managed to stay above it. I'm happy to see a new PMO BUY signal and the positive angle on the OBV. I'd feel more confident in my bullish stance on Gold if the SCTR would improve. At this point I'd like to see $1300 hit again for a decisive breakout above long-term declining tops line resistance (green).
http://stockcharts.com/articles/decisionpoint/2017/07/dp-alert-spy-closes-on-all-time-high---utilities-etfs-ittm-buy-signals---pmo-buy-signal-on-gold.html
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